Jason Njoku's iROKOtv raises $19M in series D financing

Jason Njoku, Founder & CEO, iROKOtv

iROKOtv, an online entertainment platform that targets audiences in Sub-Saharan African countries, plans to strike more deals in Nigeria’s booming movie industry after securing $19 million in funding from French premium cable company Canal+ and Kinnevik, a returning investor.

That amount is divided into $12 million of capital funding, which will be used to develop iROKOtv’s business and technology; and $7 million that is not from equity or debt financing and earmarked solely for several years of content development deals with studios. iROKOtv has now raised $34 million since it launched in September 2011.

Read more: Nigeria-based Online Entertainment Platform iROKO Will Finance “Nollywood” Films After Raising $19M | TechCrunch